DTH

Q1-17: Dish TV adds 4 lakh subs, subscription revenue up at Rs 728 cr

http://www.indiantelevision.com/sites/default/files/styles/smartcrop_800x800/public/images/tv-images/2016/07/28/Untitled-1_25.jpg?itok=icYtoZ6N

BENGALURU: Indian direct to home (DTH) television operator Dish TV India Limited (Dish TV) has reported growth across important financial and operational parameters including operating revenues (TIO) , EBIDTA and subscription numbers. The company announced the addition of 402,000 net subscribers for the quarter ended 30 June 2016 (Q1-17, current). It closed the quarter with 149 lakh subscribers. Average revenue per user (ARPU) for Q1-17 remained the same year-over-year (y-o-y) and quarter-over-quarter (q-o-q) at Rs 174.

Dish TV reported 6.7 percent higher y-o-y subscription revenue of Rs 728.2 crore for Q1-17, as compared to Rs 682.8 crore. Operating revenue in the current quarter increased 5.7 percent y-o-y to Rs 778.6 crore from Rs 736.7 crore in the corresponding quarter of the previous year. (Refer Note 2.1 and 2.2 below)

Dish TV reported PAT of Rs. 50.9 crore in Q1-17, down 24.6 percent as compared to Rs 54.2 crore in Q1-16.

EBIDTA in the current quarter increased 12.2 percent to Rs 264.6 crore from Rs 235.7 crore in Q1-16.

Total expense in the current quarter increased 2.6 percent y-o-y to Rs 513.9 crore (66 percent of revenue) from Rs 500.9 crore (68 percent of revenue). (Refer note 2.3 below). Personnel cost increased 9.8 percent y-o-y to Rs 38.1 crore (4.9 percent of revenue) from Rs 34.7 crore (4.7 percent of revenue). Cost of sales and services declined 1.8 percent y-o-y to Rs 358.4 crore (46 percent of revenue) from Rs 365 crore (49.5 percent of revenue).

Dish TV managing director Jawahar Goel said, “Buoyed by digitization, notwithstanding the relative seasonal weakness in 1Q, the industry collectively added around 15 percent higher subscribers compared to the same quarter last fiscal. Dish TV maintained its lead in incremental subscriber additions during the quarter. Our strengthened distribution in DAS Phase III and IV areas along with the popularity of the Dish TV Insta Care – 4- Hour Service Assurance Campaign were instrumental in helping us maintain an edge over competition. Our regional and mass-market offerings continued to remain crowd-pullers in respective geographies.”

“The consumers growing passion for HD has the potential to trigger yet another round of growth, beyond that being driven by digitization, for the DTH industry. Going forward, we would continue to build on our HD advantage while focusing on its sales across the country,” Goel added.

To further enhance the digital TV experience for subscribers and build an affordable and fast deployment model for itself, Dish TV recently selected Wyplay’s Frog as the Middleware for its next generation Set-Top-Boxes. Wyplay is an HTML5 browser based system and incorporates all features required for traditional linear broadcast TV consumption, on-demand content and applications distributed over the internet.

Talking about the first quarter results, Goel said, “Healthy subscriber additions led to a 12.3 percent y-o-y increase in subscription revenues (on a like-to-like basis). EBITDA margin bounced to 34.0 percent from 32.0 per cent in the corresponding quarter last fiscal. Net Profit for the quarter was Rs. 409 million leading to FCF generation of Rs. 627 million. Churn for the quarter at 0.7 percent per month remained well within manageable limits.”

Expressing his views on other regulatory overhangs Goel, said, “An industry favourable resolution of the DTH license fee matter should go a long way in ensuring non-discrimination amongst various distribution platforms in the country. We are also hopeful of a just and logical outcome of the currently debated TRAI consultation paper on Interconnection Framework for Broadcasting TV Services Distributed through Addressable Systems.”

Notes: (1) The unit of currency in this report is the Indian rupee - Rs (also conventionally represented by INR). The Indian numbering system or the Vedic numbering system has been used to denote money values. The basic conversion to the international norm would be:

(a) 100,00,000 = 100 lakh = 10,000,000 = 10 million = 1 crore.

(b) 10,000 lakh = 100 crore = 1 arab = 1 billion.

(2) Dish TV says

(2.1) For Q1-17, subscription revenue, on a like-to-like basis, was Rs 766.9 crore, a growth of 12.3 percent y-o-y.

(2.2) For Q1-17 operating revenue, on a like-to-like basis, was Rs 817.2 crore, a growth of 10.9 percent y-o-y.

(2.3) For Q1-17, COGS, on a like-to-like basis, was Rs 3,97 crore, a change of 8.8 percent y-o-y. The resultant Total Expense, on-a like-to-like basis, was Rs. 552.6 crore, a change of 10.3 percent y-o-y.

Latest Reads

http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/03/23/IPL2.jpg?itok=S7X0mBMn
IPL 2019: Tata Sky, Airtel Digital TV, Dish TV woo consumers with sports packs

Just as the 12th edition of the Indian Premier League (IPL) has launched, DTH operators have come up with special packs that includes Star Sports channels along with a range of channels from other genres.

DTH DTH Operator
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/03/20/tata-sky.jpg?itok=I98su4S_
Tata Sky announces special price slabs for multiple TV connections

Tata Sky has recently announced special price slabs for customers with multiple TV connections. According to reports, the company is considering removing the network capacity fee, service charges and Tata Sky Binge service charge with the primary pack price as part of the new plan.

DTH DTH Operator
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/03/20/tata.jpg?itok=gqRP49dF
Tata Sky launches new set of regional packs

DTH provider, Tata Sky, has now launched another set of regional channel packs - Tata Sky Smart Packs after unveiling a unique Flexi Annual Plan. The new list of smart plans includes 10 Indian languages that starts at Rs 206 per month.

DTH DTH Operator
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/03/18/tata-sky.jpg?itok=_FQHWOkB
No compromise on Tata Sky when it comes to your choice of entertainment

With an objective to liberate customers from their current confusions, Tata Sky, India’s leading content distribution platform launched its latest campaign, ‘No Compromise’ to explain why it is necessary to choose Tata Sky to fit anindividual’s budget and content needs.

DTH DTH Operator
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/03/18/dishtv.jpg?itok=tc32pwVv
Dish TV India’s ‘All in One Pack’ for Hindi heartland consumers

Catering to the evolving needs of customers, Dish TV India Limited, world’s largest single-country DTH Company is set to galvanise the industry with its new acquisition offers for both its brands.

DTH DTH Operator
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/03/18/airtel.jpg?itok=m8K2KXzC
Airtel Digital TV, Dish TV merger talks on

Sunil Bharti Mittal-led Bharti Airtel is not only scaling up its business in the broadband segment but is also trying to cement its presence in the DTH sector.

DTH DTH Operator
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/03/16/Sun_Direct_HD.jpg?itok=X6KfsMAv
Sun Direct introduces long duration regional packs

The popular DTH operator in South India, Sun Direct, has introduced long duration regional packs. According to reports, the newly introduced DPO packs come with a validity of up to six months covering languages Telugu, Tamil, Kannada, Malayalam, Marathi, Bengali and Odia.

DTH DTH Operator
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/03/16/Airtel_Digital_TV.jpg?itok=2NoIDfxd
Airtel Digital TV removes network capacity fee

After Telecom Regulatory Authority of India’s (TRAI) tariff order has come into effect, consumers across the country have been complaining about a hike in cable bill. To keep them satisfied, DTH operators are waving off Network Capacity Fee (NCF). Now, Airtel Digital TV has joined the league of...

DTH DTH Operator
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/03/07/cartdrs.jpg?itok=F_2gKjLY
Tata Sky ShortsTV to premiere royal stag barrel select large short films

Tata Sky ShortsTV will start showcasing the Royal Stag Barrel Select Large Short Films (LSF) catalogue on its platform 9th March onwards.

DTH DTH Operator

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories